The Minnesota Orchestra says it has raised enough money to begin a $40 million renovation and expansion of Orchestra Hall in Minneapolis. A $5 million donation from Target Corporation completed the renovation fund drive.
Minnesota Orchestra President and CEO Michael Henson welcomed the news.
"I think the very nature in which we have exceeded the $40 million initial target actually shows the enthusiasm even in this challenging economy that this wonderful project has had within this absolutely magnificent community," Henson said.
No start date has been set for the project, but Henson says it is on target to open in June of 2013.
Target Corporation will hold naming rights for Orchestra Hall's new lobby and terraces. The state provided $14 million in bonding money and the orchestra raised another $29 million in private donations.